You recently bought a used car from a friend. He agreed to let you pay...
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Accounting
You recently bought a used car from a friend. He agreed to let you pay for the car over 4 years. At the end of year 1, you will pay him $1000, $2030 at the end of year 2, $3000 at the end of year 3, $3640 at the end of year 4. Interest Rates for used cars are currently 12%. What was the price of the car?
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